Job Vacancies Reach Record High in Canada

Key Highlights:

• Overview
• Job Vacancies
• Compared to Q3 2019

According to data from the federal statistical agency Statistics Canada, the number of vacancies in Canadian companies has hit a record of 912,600 in the third quarter of 2021.

Job Vacancies

This high number of vacancies in the Great White North aligns with the growing overall employment and the decreasing unemployment cases in the country after the impact of the Covid-19 pandemic.

The data from Statistics Canada also revealed some of the factors responsible for this high number, like unmet labour demand in particular regions and provinces, occupational shift, skill requirements and wage trends.

Compared to Q3 2019

Irrespective of industry, the total number was around 349,700 more than the corresponding timeline in 2019. Moreover, compared to the previous period, there were job vacancies in all provinces in Canada.

These vacancies increased in 18 out of the 20 major industrial sectors in the country, with real estate, rental and leasing and Agriculture, forestry, fishing and hunting being the only ones that did not go up.

Five of the 20 sectors were the driving factors behind the growth in the employment vacancies: healthcare, construction, accommodation, food and retail trade & manufacturing.

This increase can signal many changes in the Canadian labour market irrespective of industries and provinces. To fill this significant gap, the Canadian Prime Minister, Justin Trudeau, recently revealed the government’s new priorities to attract more and more foreign skilled professionals to work and settle in the country.